In the case of British Eagle Airlines Ltd vs. Nationale Air France  1 WLR758, the house of Lords stated that “A contract under which the creditors agree to vary statutory rules governing distribution of a company’s assets in liquidation is contrary to public policy and void’.
Is this legal order sound and should it be maintained following the Global Financial Crisis (GFC)?
Summary: This question belongs to business law and discusses about case of British Eagle Airlines Ltd vs. Nationale Air France .
Total word count: 417
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